Vitals
  • Total Assets
    344.2M 2.5 %
  • Total Deposits
    296.1M 9.9 %
  • Total Net Loans
    181.5M 7.6 %
  • Net Income
    971000.0000 -73.5 %
  • Book Value
    29.7M -8.3 %
  • Book Value x2
    59.4M -8.3 %
  • Book Value x3
    89.1M -8.3 %
ROAA

.291

ROAE

3.026

Efficiency Ratio

86.524

Net Interest Margin

3.078

Balance Sheet Highlights
Financial Highlights First Federal Of Northern Michigan All Insured Savings Banks in Michigan
Balance Sheet $(000)
Total Assets 344,189 1,691,280
Total Net Loans 181,487 1,187,529
Total Deposits 296,145 1,131,684
Total Equity 29,699 203,998
Profitability
Net Income 971 21,424
Return on Average Assets .291 .542
Return on Average Equity 3.026 4.098
Net Interest Margin 3.078 3.221
Efficiency Ratio 86.524 80.996
Noninterest Income/Revenue 13.34 45.802
Balance Sheet Ratios
Loan-to-Deposit 61.283 93.003
Securities/Assets .374 .168
Total Equity/Total Assets .086 .121
Tangible Equity/Tangible Assets .083 .102
Capital Adequacy
Tier 1 Common Capital 28,374 183,765
Tier 1 Capital 28,374 183,765
Tier 2 Capital 1,694 12,547
Total Capital 30,068 196,313
Total Risk Weighted Assets 192,712 1,009,128
Leverage Ratio 8.48 12.86
Common Equity Tier 1 Capital Ratio 14.72 21.774
Tier 1 Capital Ratio 14.72 21.774
Total Capital Ratio 15.6 22.935

Timeline for First Federal Of Northern Michigan

Ffnm Financial Services, Inc.

Ffnm Financial Services, Inc. became a new subsidiary organization for First Federal Of Northern Michigan.

View Profile May 18 2015

Bank Of Alpena

Acquisition: First Federal Of Northern Michigan acquired a new subsidiary, Bank Of Alpena, 9 years

View Profile Aug 09 2014

Financial Service & Mortgage Corporation

Financial Service & Mortgage Corporation became a new subsidiary organization for First Federal Of Northern Michigan.

View Profile Jul 21 2011

Ffnm Agency, Inc.

Ffnm Agency, Inc. became a new subsidiary organization for First Federal Of Northern Michigan.

View Profile Jul 21 2011

First Federal Of Northern Michigan Bancorp, Inc.

First Federal Of Northern Michigan Bancorp, Inc. became a new parent organization for First Federal Of Northern Michigan.

View Profile Apr 01 2005

Want to see more?

Complete timeline for First Federal Of Northern Michigan is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Bank Of Alpena Seller 69,046 Acquisition Discontinued 8/9/2014
Relationships Role Relationship Start Relationship End
First Federal Of Northern Michigan Bancorp, Inc. Parent 7/21/2011
First Federal Of Northern Michigan Bancorp, Inc. Parent 4/1/2005 7/20/2011
Ffnm Financial Services, Inc. Subsidary 5/18/2015
Financial Service & Mortgage Corporation Subsidary 7/21/2011 1/1/2015
Ffnm Agency, Inc. Subsidary 7/21/2011 12/31/2014
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